Electronic Arts Inc. (NASDAQ:EA) CFO Blake J. Jorgensen sold 10,100 shares of Electronic Arts stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $78.58, for a total transaction of $793,658.00. Following the completion of the sale, the chief financial officer now directly owns 93,210 shares of the company’s stock, valued at $7,324,441.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Electronic Arts Inc. (NASDAQ:EA) traded up 2.12% during mid-day trading on Wednesday, reaching $79.40. 511,681 shares of the company traded hands. Electronic Arts Inc. has a one year low of $53.01 and a one year high of $86.07. The firm has a market cap of $23.96 billion, a PE ratio of 20.23 and a beta of 0.58. The stock’s 50-day moving average price is $81.13 and its 200-day moving average price is $78.81.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, November 1st. The game software company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by $0.56. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Electronic Arts had a return on equity of 23.03% and a net margin of 27.62%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 EPS. Analysts forecast that Electronic Arts Inc. will post $3.70 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Electronic Arts (NASDAQ:EA)

Several analysts have commented on the stock. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $88.00 target price on shares of Electronic Arts in a research note on Wednesday, August 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $75.00 target price on shares of Electronic Arts in a research note on Tuesday. MKM Partners lifted their target price on shares of Electronic Arts from $87.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Mizuho reissued a “buy” rating and set a $84.00 price objective on shares of Electronic Arts in a research note on Wednesday, August 3rd. Finally, Vetr raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $79.72 price objective for the company in a research note on Monday, August 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $89.11.

Large investors have recently made changes to their positions in the company. Archford Capital Strategies LLC boosted its stake in shares of Electronic Arts by 1,407.3% in the second quarter. Archford Capital Strategies LLC now owns 1,447 shares of the game software company’s stock worth $110,000 after buying an additional 1,351 shares during the period. Global X Management Co. LLC boosted its stake in shares of Electronic Arts by 113.9% in the third quarter. Global X Management Co. LLC now owns 1,587 shares of the game software company’s stock worth $136,000 after buying an additional 845 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Electronic Arts by 270.5% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,630 shares of the game software company’s stock worth $139,000 after buying an additional 1,190 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Electronic Arts during the third quarter valued at $140,000. Finally, Tuttle Tactical Management LLC bought a new stake in Electronic Arts during the third quarter valued at $153,000. Institutional investors and hedge funds own 97.22% of the company’s stock.

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Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

5 Day Chart for NASDAQ:EA

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